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MasTec: 3 Reasons To Own The Stock
December 22, 2018
- MasTec's stock has significantly underperformed the broader market so far in 2018.
- However, I believe that MasTec is well-positioned for 2019 and beyond, with the 5G rollout being a major market opportunity for this small-cap company.
- I am long MTZ shares and I may add to my position in the weeks ahead.
MasTec's ($MTZ) stock has been under pressure lately, as shown by the fact that MTZ shares are down approximately 25% over the last six months. The stock has also underperformed the broader market on a YTD basis, with MTZ shares down almost 20% over the last 11 plus months.
While MTZ's shares will likely remain under pressure if the broader market continues its downward trend, I believe that this volatility is creating a long-term buying opportunity. Why? Simply put, MasTec is well-positioned for the next 12-18 months.